DESCRIPTION
This traditional farmhouse is situated on the East Yorkshire coastline with outbuildings, about 5 acres* of land, and panoramic sea views. The brick and tile residence is both centrally heated and double glazed, but ideally requires further renovation. A range of traditional outbuildings offer potential for a variety of uses, but also require significant repair. The land is principally grass, with a private sheltered garden, orchard and pond area. A truly rare chance to acquire a lifestyle home on the seaside, with much potential including possible business or tourism uses subject to any required consents. However, all parties are advised that this area of the coastline is subject to ongoing erosion* and the dwelling is currently only about 35m from the cliff edge.
LOCATION
The property is roughly midway between the resort towns of Hornsea and Withernsea and is reached from the B1242 by turning off east at the village of Aldbrough along a quiet lane extending for about 2 miles until reaching the signposted entrance to Cliff Farm on the left. Â
THE ACCOMMODATION COMPRISES:
GROUND FLOOR
Entrance Hall:Â Â Staircase leading off.
Lounge:  A solid fuel room heater is set in a brick fireplace. Alcove cupboard, understairs cupboard, beamed ceiling and radiator.
Sitting Room:Â Â Open tiled fireplace, alcove cupboard, beamed ceiling and radiator.
Dining Room:  Open tiled fireplace. Radiator.
Kitchen:  Fitted with a range of base and wall storage units with gloss-finish doors and laminate worktops with single drainer sink. Built-in electric double oven and hob. Plumbing for dishwashing machine, beamed ceiling and radiator. Â
Shower Room:  Shower enclosure with electric shower fitment, low level toilet and wash-hand basin in a range of fitted cupboards. Radiator.
Utility Room:  With extended worktop and plumbing for automatic washing machine. Gas central heating boiler. Â
Rear Hallway:Â Beamed ceiling.
Pantry
Store / Work Room
FIRST FLOOR
Landing:Â Â Radiator.
Bedroom One:  Radiator. Â
En Suite WC:  Low level toilet suite and pedestal wash-hand basin. Housing with hot water cylinder.
Bedroom Two:Â Â Radiator.
Bedroom Three:  Radiator. Fireplace surround and alcove cupboards.
Bathroom / WC:  Peach suite comprises panelled bath, low level toilet suite and pedestal wash-hand basin. Radiator. Â
EXTERNAL
A range of traditional brick and tile outbuildings in varying condition comprise:
SEMI-DERELICTÂ SHED (450" X 176" / 13.7m x 5.36m)
STORE (160" X 240" / 4.88m x 7.32m)
WOOD STORE (160" x 110" / 4.88m x 3.35m)
DETACHED BARN (336" x 185" / 10.24m x 5.64m)
Comprising three cart sheds with granary above. Â
Enclosed front lawn with shrubs and apple trees. Further orchard and pond to the south. Front and rear grass fields. Estimated site area of five acres.
Services
Mains water and electricity. Propane gas central heating. Private drainage system.
Council Tax
Council Tax is payable to the East Riding of Yorkshire Council. From verbal enquiries we are advised that the property is shown in the Council Tax Property Bandings List in Valuation Band B.
Tenure
Freehold. Vacant possession upon completion.
Viewings
Strictly by appointment with the auctioneers on 01482 866844. Â
Solicitors
Tom Scott, Burstalls, Ocean Chambers, 54 Lowgate, Hull, HU1 1EJ. Telephone: 01482 621800. Email: ts@burstalls.co.uk.
Method of Sale
The property will be offered for sale by online auction with bidding commencing at 12 noon on Monday 12th September 2022 and closing on Wednesday 14th September 2022 at 3.00pm. For further legal information relating to this lot please log on to auctionhouse.co.uk/hullandeastyorkshire.
Conditions of Sale
The property will be sold subject to conditions of sale, copies of which will be available for inspection at the auctioneers offices, with the solicitors and on-line at www.auctionhouse.uk.net/hullandeastyorkshire prior to the date of the auction.
Guide Price
*Guides are provided as an indication of each sellers minimum expectation. They are not necessarily figures which a property will sell for and may change at any time prior to the auction. Each property will be offered subject to a Reserve (a figure below which the Auctioneer cannot sell the property during the auction) which we expect will be set within the Guide Range or no more than 10% above a single figure Guide.
Additional Fees:
The purchaser will be required to pay an administration charge of 0.3% of the purchase price subject to a minimum of £750 (£625 plus VAT) and a buyers premium of £480 (£400 plus VAT) in addition to the purchase price of the property.
Disbursements - Please see the legal pack for any disbursements listed that may become payable by the purchaser on completion.
ONLINE BIDDING
If you are wanting to bid on this property, copy and paste the link below into your URL bar or into a Google search and it will take you to a video that explains the process:
youtube.com/watch?v=ImXr4HXR36c
Tenure : Freehold
Council Tax Band : B
Using your investment as a 25.00% deposit and £ 5,833 in costs for purchasing and getting ready to let.
The refurbishment budget is set to 2.50% of the purchase price, but this will vary dependent on the suitability of the property for the rental market. Select a value that you feel is appropriate to the condition of the property.
This will vary between lenders, type of report and whether or not you are buying with a mortgage, for advice on which type of survey would be appropriate speak with an advisor from Preston Baker Financial Services.
Lenders will often charge a fees for the arrangement of a mortgage, for advice on what lenders may charge, speak with an advisor from Preston Baker Financial Services. Your home may be repossessed if you do not keep up repayments on your mortgage.
This is the sum of mortgage admin, land registry, search, bank transfer and any other fees incurred.
Purchase costs include assumed mortgage and survey costs which are estimated. For a quote contact a Preston Baker Financial Services mortgage advisor who can provide you with current and accurate information. The stamp duty calculation has applid the 3% stamp duty surcharge on the basis that this will be a second property.
This is the percentage of the rent that you will spend maintaining the property.
Ground Rent only applies to leasehold properties. This is an assumed ground rent, the confirmed figure can be found in the Property Information Questionnaire.
Service charge only applies to leasehold properties. The correct figure can found in the Property Information Questionnaire answered by the seller.
This is a standard, indicative figure only. Properties that have a service charge often have this included withing that charge. Please consult the Property Information Questionnaire for more information.
This is the assumed rate of house price inflation.
This is the property value at the end of the investment based on an assumed rate of % house price inflation.
Tax Band | % | Taxable Sum | Tax |
less than £250k | 0 | ||
£250k to £925k | 5 | ||
£925k to £1.5m | 10 | ||
rest over £1.5m | 12 |
Tax Band | % | Taxable Sum | Tax |
less than £250k | 3 | ||
£250k to £925k | 8 | ||
£925k to £1.5m | 13 | ||
rest over £1.5m | 15 |
Tax Band | % | Taxable Sum | Tax |
less than £425k | 0(5)** | ||
£425k to £625k | 5 | ||
£625k to £925k | 5 | ||
£925k to £1.5m | 10 | ||
rest over £1.5m | 12 |
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